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POPULAR NEWS
Gold Surges as Saudi Attack Spurs Haven Demand Ahead of Fed Meet

Gold and silver rallied after a strike against Saudi Arabian oil facilities hurt supplies and prompted a record surge in oil prices, with investors seeking haven assets at the start of a week that™ll also see critical policy decisions from central banks including the Federal Reserve. Gold jumped more than 1%, trading above $1,500 an ounce, while its cheaper sister metal climbed more than 2% as investors gauged the ramifications from the assuault against the world's biggest...

Dollar falls as oil attacks send investors to safety

The dollar fell while safe-havens and currencies of oil producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions. Oil prices surged more than 15% following the strikes on two plants, including the world's biggest petroleum processing facility in Abqaiq, knocked out more than 5% of global oil supply. Yemen's Iran-aligned Houthi group claimed responsibility for the damage, but the U.S....

Hong Kong stocks open in negative territory

Hong Kong stocks fell in the first few minutes of trade Monday following last week's healthy gains, while traders were also spooked by more protest violence in the city at the weekend. The Hang Seng Index eased 0.69 percent, or 189.85 points, to 27,162.84. The benchmark Shanghai Composite Index rose 0.35 percent, or 10.68 points, to 3,041.92, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.35 percent, or 5.89 points, to 1,687.12. Source : AFP

Oil prices soar 10% after attack on Saudi facilities hits global supply

Oil prices retreated on Monday after hitting their highest since May at the open, on fears over supply disruptions following an attack on Saudi Arabia's oil facilities on Saturday that cut more than 5% of global oil supply. International benchmark Brent crude futures rose $7.06 a barrel or 11.7% from their New York close on Friday to stand at $67.28 per barrel by 01:08 GMT, after soaring more than 19% to a session high of $71.95 per barrel at the opening. U.S. West Texas Intermediate (WTI)...

Hong Kong Demonstrators Clash with Police on 99th Day of Protests

Anti-government protesters clashed with police in Hong Kong again on Sunday, with demonstrators hurling rocks and Molotov cocktails at authorities who responded with volleys of tear gas and blasts of blue-dyed water fired from water cannons. Some of the thousands of protesters threw bricks at police outside the Chinese People's Liberation Army base and tore down and set fire to a banner proclaiming the 70th anniversary of the October 1 founding of the People's Republic of China. Police said...

U.S. oil prices pull back after 3-session climb on the back of Iran tensions
Wednesday, 26 June 2019 02:40 WIB | ENERGY |Minyak WTICadangan Minyak Mentah ASMinyak Brent

U.S. oil prices fell on Tuesday, posting a modest retreat after three consecutive session gains on the back of heightened tensions between the U.S. and Iran.

August West Texas Intermediate crude fell 7 cents, or 0.1%, to settle at $57.83 a barrel on the New York Mercantile Exchange. The contract wrapped up trading Monday at $57.90, the highest front-month contract finish since May 29, according to Dow Jones Market Data. Prices rose 8.8% for last week, the biggest weekly percentage climb since the week ended Dec. 2, 2016.

International benchmark August Brent crude edged up by 19 cents, or 0.3%, to $65.05 a barrel on ICE Futures Europe. The contract has traded in choppy fashion since it wrapped trading Friday at $65.20 ” the highest since May 30. Front-month Brent logged a more than 5% gain last week.

The Trump administration has turned up the economic pressure on Tehran since Trump pulled the U.S. out of the 2015 nuclear deal in May 2018, hoping to drive Iran to accept a tougher agreement that would end uranium enrichment and curb its regional ambitions. The U.S. is seeking ultimately to drive the Islamic Republic's oil exports to zero to prompt the nuclear concessions.

Source : MarketWatch

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POPULAR NEWS
Gold Surges as Saudi Attack Spurs Haven Demand Ahead of Fed Meet

Gold and silver rallied after a strike against Saudi Arabian oil facilities hurt supplies and prompted a record surge in oil prices, with investors seeking haven assets at the start of a week that™ll also see critical policy decisions from central banks including the Federal Reserve. Gold jumped more than 1%, trading above $1,500 an ounce, while its cheaper sister metal climbed more than 2% as investors gauged the ramifications from the assuault against the world's biggest...

Dollar falls as oil attacks send investors to safety

The dollar fell while safe-havens and currencies of oil producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions. Oil prices surged more than 15% following the strikes on two plants, including the world's biggest petroleum processing facility in Abqaiq, knocked out more than 5% of global oil supply. Yemen's Iran-aligned Houthi group claimed responsibility for the damage, but the U.S....

Hong Kong stocks open in negative territory

Hong Kong stocks fell in the first few minutes of trade Monday following last week's healthy gains, while traders were also spooked by more protest violence in the city at the weekend. The Hang Seng Index eased 0.69 percent, or 189.85 points, to 27,162.84. The benchmark Shanghai Composite Index rose 0.35 percent, or 10.68 points, to 3,041.92, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.35 percent, or 5.89 points, to 1,687.12. Source : AFP

Oil prices soar 10% after attack on Saudi facilities hits global supply

Oil prices retreated on Monday after hitting their highest since May at the open, on fears over supply disruptions following an attack on Saudi Arabia's oil facilities on Saturday that cut more than 5% of global oil supply. International benchmark Brent crude futures rose $7.06 a barrel or 11.7% from their New York close on Friday to stand at $67.28 per barrel by 01:08 GMT, after soaring more than 19% to a session high of $71.95 per barrel at the opening. U.S. West Texas Intermediate (WTI)...

Hong Kong Demonstrators Clash with Police on 99th Day of Protests

Anti-government protesters clashed with police in Hong Kong again on Sunday, with demonstrators hurling rocks and Molotov cocktails at authorities who responded with volleys of tear gas and blasts of blue-dyed water fired from water cannons. Some of the thousands of protesters threw bricks at police outside the Chinese People's Liberation Army base and tore down and set fire to a banner proclaiming the 70th anniversary of the October 1 founding of the People's Republic of China. Police said...

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